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Threshold Effects between Longevity, Labour Productivity and Economic Growth in sub-Saharan Africa (SSA): a Non-dynamic Panel Data Analysis

Adedayo , Oluseun Adedeji and Anthony , Enisan Akinlo (2016) Threshold Effects between Longevity, Labour Productivity and Economic Growth in sub-Saharan Africa (SSA): a Non-dynamic Panel Data Analysis. In: 3rd International Conference On African Development Issues (CU-ICADI), May 9- May 11 2016, Covenant University, Ota, Nigeria.

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Abstract

The theoretical demographic distribution stated that averagely the age group of the labour force is 15 to 64 years. Data showed that the highest longevity value of sub-Saharan Africans is approximately 54 years in the year 2010; 10 years less than the age of exit from the labour force, not to even compare with the developed countries. This study investigated the threshold effects in the relationship between longevity and labour productivity, and between longevity and economic growth in sub- Saharan Africa (SSA). Panel data spanning from 1990 to 2012 for 38 SSA countries were used and Hansen (1999) non-dynamic panel data test and estimation methods were adopted. The results revealed that, longevity was an increasing function of labour productivity and economic growth, with the significant threshold effects at ages 46.7 years on labour productivity and 67.5 years on economic growth. Among other things, food availability and capital accumulation were significantly required. Thus, policies that could accommodate people of age 67.5 years who are still fit to work, and provide entrepreneurial training and funds for the unemployed people in the ages 46 to 47 years are worthwhile in SSA countries. In addition, improvement in the provision of quality healthcare services at an affordable rate to the very poor sub-Sahara Africans is necessary to improve the quality of longevity in SSA.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: longevity; threshold; panel; Hansen; labour; productivity; economic growth; SSA
Subjects: H Social Sciences > HG Finance
Divisions: UNSPECIFIED
Depositing User: Ms Ugwunwa Esse
Date Deposited: 29 Jun 2016 15:38
Last Modified: 29 Jun 2016 15:38
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/6688

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